5 Token Unlocks to Watch This Week That Could Move the Crypto Market

Token unlocks are important events in the crypto market that allow previously locked tokens to begin circulating in the market.

Token unlocks are an important event in the crypto market as they allow previously locked tokens to begin circulating in the market. This process can have an impact on liquidity, price movements, as well as overall market sentiment.

Here are the five biggest unlock tokens to watch this week, based on BeInCrypto’s report.

Xai (XAI)

Xai is a Layer-3 gaming blockchain that combines the security of Ethereum (Layer-1) and the scalability of Arbitrum

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On March 9, the Xai network will open 35.89 million XAI tokens, with a value of approximately $2.62 million. Of these, 17.33 million XAI tokens will be allocated to investors, while 11.9 million tokens will go to the development team. The rest will be allocated to the Xai ecosystem and network reserves.

With the growing popularity of blockchain gaming, this token unlock has the potential to affect XAI’s liquidity and trading dynamics, making it one of the events investors need to pay attention to.

Cheelee (CHEEL)

Cheelee is a blockchain-based short video platform that incorporates elements of GameFi, enabling users to earn rewards when interacting with content. Its native token, CHEEL, is used for governance, NFT upgrades, and in-app transactions.

On March 10, the Cheelee network will unlock 2.67 million CHEEL tokens, with a total value of approximately $20.62 million. Of these, most (2.64 million CHEEL) will be allocated for liquidity, while a small portion will be distributed as a community airdrop.

As liquidity allocation usually helps smooth out trading conditions, this unlock could potentially increase market depth for CHEEL, allowing for smoother transactions and possibly reducing price volatility in the near future.

Moca Network (MOCA)

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Moca Network is a digital identity infrastructure that enables seamless asset management in Web2 and Web3 ecosystems. The platform supports a wide range of DeFi and consumer services, with MOCA as the main utility token.

On March 11, the Moca network will unlock 178.51 million MOCA tokens, with a value of approximately $17.36 million. This unlock covers 9.34% of MOCA’s market capitalization, making it a significant event for investors.

Most of the tokens to be unlocked, approximately 93.32 million MOCA, are allocated for network incentives, while 37.04 million tokens will be used for liquidity, and another 33.33 million are allocated for the ecosystem. The rest will be kept for the network’s operational expenses.

With a large portion allocated to network and liquidity incentives, this unlock has the potential to affect MOCA’s supply dynamics, which could impact the token’s price and trading activity in the coming days.

Delysium (AGI)

Delysium is a virtual world where artificial intelligence

On March 11, Delysium will open 66.48 million AGI tokens, valued at approximately $3.78 million. Of these, 34.37 million AGI will be allocated for the treasury, 24 million tokens for the development team, and the rest for strategic sales.

With a distribution that includes treasury, team, and funding strategy, this unlock could have an impact on AGI’s liquidity and price movement in the next few days.

Investors will be watching to see if this token unlock drives selling pressure or if it becomes a catalyst for the growth of the Delysium ecosystem.

Xave (XAV)

Xave is a DeFi platform focused on decentralized foreign exchange (FX) markets. The protocol increases stablecoin liquidity through an automated market maker (AMM) model.

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On March 11, the Xave network will unlock 279.18 million XAV tokens, with the majority allocated to the team, investors, and treasury.

In addition, the Xave protocol will also add approximately 4.06 million tokens to DEX and CEX liquidity, as well as 6.19 million tokens as incentives for liquidity providers.

As the number of tokens unlocked is much larger than the circulating supply, this unlock has the potential to increase XAV’s price volatility.

Overall, this week’s token unlock will add more than $44 million in new token value to the market. Monitoring these events can help traders and investors anticipate potential price fluctuations and liquidity changes in the near future